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Re: Bridget21 post# 11249

Tuesday, 01/19/2021 10:43:37 AM

Tuesday, January 19, 2021 10:43:37 AM

Post# of 14223
Price to Earnings ratio (P/E).... price of the stock is about $.55 US divided by annualized 2021 earnings of $.03 per share (I think that will come up conservative) solves for a PE of about 18. Stocks in a growth sector should have a minimum PE of 30. Layer on increased earnings per share associated with expansion and NXGWF is easily $1.50 - just need to wait for it. There will be ups and downs along the way but with dems clearing the way for legalization and NGW starting to making a name for itself, this can become a national brand.

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